The next weeks remain crucial for the "S&P 500" for the trend decision between starting a bear market or continuing the aging old bull market. The current trend bias as of this Thursday seems to favor the bulls, but the bears could start to attack as soon again. I hereby stay neutral and show two different paths where the market could move next from the upcoming decision point.
I remain short from 2712.5 and long from 2580 until one of these two positions cancels out the other.
Big picture trend channel overview:
I remain short from 2712.5 and long from 2580 until one of these two positions cancels out the other.
Big picture trend channel overview:
